Member Info for jayblu48

you haven't been spiked, don't worry, it's just some US shorters trying to trade this, just watch them rush to cover when BTC goes on it's next run.

this was unloved and unnoticed then, now a different story, BTC is up and new machines online next month

NT to buy at the moment

had same problem with FD so opened an account with X-O (Jarvis) no problems buying there

Argo has entered into an equipment lease with Celsius Network for 4,500 Bitmain Antminer S19 and S19 pro miners for a term of 24 months. Celsius Network is an innovative and fast-growing cryptocurrency lending platform which currently has over US$1.8 billion worth of assets under management.

Argo's lease, which spreads the new equipment cost over 24 monthly lease payments, allows Argo to add capacity, upgrade its mining technology and achieve economies of scale while fully retiring the capitalized cost of the miners over the term of the lease. The mining machines are valued at over US$10m.
The new mining hardware is expected to be fully operational by February 2021 and will add approximately 430 petahash to the Company's installed computing power as well as consuming approximately 15 megawatts ("MW") of electricity.

the London market doesn't understand ARB but USA does

average December BTC price was $19,000, come March extra mining at what could be an average $30,000 or more

This is the important bit.....The Company's equipment leasing agreement with Celsius Network, which is set to deliver 4,500 Bitmain Antminer S19 and S19 pro miners, is on schedule. The machines are expected to be fully operational by February 2021 and will add approximately 430 petahash to the Company's installed computing power.

looking good, can dummy sell for 41.7p

it is easier to deal on LSE just don't trust the showing price, actual price is 40p to sell - 40.8p to buy

ARB is about the future, the USA market, more machines and a higher BTC price, trade if you have the nerve but I'd rather sit tight for the long term.

RNS stated "The reduction in the number of coins mined in November compared to October is due to changes in mining difficulty and the Zcash halving which took place on 17th November. This takes the total amount of BTC mined year-to-date to 2,369. "

from RNS - The new mining hardware is expected to be fully operational by February 2021 and will add approximately 430 petahash to the Company's installed computing power.
So with USA we have lots to look forward to.

the drop in mining is since the halving so expect around 100 mined in December at an average price of $19,000, but we have new machines coming online next month and should have a higher average price by then.

when my bank stop allowing trading on ARB somebody here put me onto to X-0 (Jarvis) which is cheap and basic but easy to use

I would be happy with 100-110 coins @ $30,000 + as I don't want to be overly optimistic. Expect the US traders in early Monday so that they have some to sell to the eager buyers there. The big rise will come once Feb machines go online.

Read the RNSS and you can see this has been underpriced for so long, so no, not overpriced, especially with new machines coming online in Feb. Look at the US miners and compare.

M135i this is just the start, the Americans have only just been able to buy at this level, just look at recent RNS's and new machines coming online.

https://www.youtube.com/watch?v=OaqTbvHvlwI&feature=share&ab_channel=StockTalkwithEli%2CPh.D.

Luckily Argo’s mining power is mostly focused on bitcoin. “In May, the firm had a total of 18,000 mining rigs, 17,000 focus of which are focused on the SHA-256 algorithm that is primarily used by bitcoin.”